AMD (NYSE: AMD) announced today that Ahmed Yahia Al Idrissi has been appointed to the company's board of directors as a second representative of Mubadala Development Company. Yahia currently serves as executive director of Mubadala Industry, where he is responsible for Mubadala's growing industrial portfolio, including metals, mining, utilities, and advanced materials and products. Prior to joining Mubadala, Yahia was a partner at McKinsey & Company where he co-led the firm's Principal Investor practice. He was also the managing partner of McKinsey's Abu Dhabi practice.

"Ahmed's years of success at McKinsey, his responsibilities as part of the senior executive management team at Mubadala and his extensive experience with a number of different boards make him an excellent addition to AMD's board of directors," said Bruce Claflin, AMD's chairman of the board.

Yahia holds a number of board positions, including Emirates Aluminum, Guinea Alumina Corporation, National District Cooling Company (Tabreed), SMN Power Holding Company SAOG, SMN Barka Power Company, Al Rusail Power Company, and Jiangsu Suyadi Tancai Company. He holds Masters of Science degrees from the Massachusetts Institute of Technology (MIT) in Mechanical Engineering/Product Strategy and an engineer's degree from Ecole Centrale Paris. While at MIT, he received the J.William Fulbright Foreign Scholarship Board award for academic excellence.

Waiting for AMD to come full circle...to become a division of Globalfoundries. From owning fabs, to being owned by fabs.

Click to expand...

AMD isn't going to be owned by GlobalFoundries. AMD is going to owned by the Mubadala Development Company which in turns also owns the Advanced Technology Investment Company which owns GlobalFoundries.

As of now there are three nations fighting for AMD:
United States(Government Bailout)
South Korea(Samsung purchases AMD and retains GlobalFoundries contracts)
United Arab Emirates(Falls under Mubadala and ATIC, Abu Dhabi)

^--- these will only happen if AMD actually goes into debt/bankruptcy which there is no sigh of.